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quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presi
and we now wait for texas instruments to report. house speaker boehner set to hold a news conference in less than an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will b
notified house speaker boehner he and other treasury secretaries have done in other impasses, nothing profound about it, just an attempt to keep the pressure on the congress, remind them that the clock is ticking. we're getting closer to the debt limit as the president said yesterday. we could hit it in as little as one month, maria. >> john, thank you so much. we'll be watching that story certainly as will the markets. is the market too complacent right now with all of the stories out there as far as the u.s. debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as
bickering gets put aside. do these guys like each other or do they not like each other? mr. boehner said something rather strong about harry reid. we assume that kind of language was not used in the white house this morning, but can they really get along and do what needs to get done? >> there is -- there are pockets of enmity that are quite well-known. what's really wonderful about washington, and this day is going to be full of this, is that you can have members, particularly on the senate floor, that can just bash each other. john has had a bird's-eye view of this. during the day with key issues of state at risk, and at the end of the day they can go off to the moncle and have a drink or a steak and so -- >> although a lot less than used to take place. >> that's true. >> jill biden, the vice president's wife, the second lady of the united states, begins her way down to the podium. >> i think there is more partisanship about to break out. >> call it bipartisanship. >> maybe i'm caught up in the spirit of the day. >> explain. >> i'll explain. >> and where do you see that? >> i have some
is passing as we speak. >> dow k chris christie will have a nice word to say about speaker boehner? >> he wanted to see this money faster and a lot of the members of the new jersey and new york delegations are upset still with how they feel they were treated here. they failed in that attempt today, larry. >> we have a date and time president obama is going to unveil his proposed gun control measures tomorrow. what can legal gun owners expect. we have a preview of that coming up. please stay with us. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're pr
of you gentlemen friends of this show i wish you a happy new year. mr. boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tactic as a threat to plunge america into defought. i believe that republicans and democrats should denounce using that as a threat. your previous guests gave goodness about the economy. the biggest threat about the economy is congressional dysfunction. >> do you have a response to peter walsh. >> lord knows if we could have a balance absed budget. but you made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place
to raise the debt ceiling. speaker boehner is expected to give a news conference later toda today. >> there are a lot of deadlines in washington for investors to keep track of, they each carry their own risk. let me walk you through what we are expecting. starting tomorrow on wednesday, the house republicans say they're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie
the president. people on the right, people who voted against boehner's plan b and people who want a deal done. i think in the end, people who want a deal done will prevail. maybe at the last hour or three hours after the last hour, we don't know. it was quite obvious the president was trying to blow up the deal on december 31st, while biden and mcconnell were out there negotiating, the president had a pep rally in the east room in which he directly attacked both the congress and the republicans, people trying to do the deal. any who's done any negotiations know what you should have done is praise the process, not attack the people in the middle of the process. i don't think the president liked that deal, i don't think he wanted a deal. i think he'd rather have the issue and i think in this case, he'd also rather have the issue. it will be very very hard to get a serious deal done when one of the main negotiators really doesn't want any deal at all. >> we have evidence of that with this interview with john boehner where he said the president told him repeatedly, we don't have a spending problem,
hill. republican speaker of the house john boehner reacted tepidly, his spokesman putting out a statement saying they will look at the ideas and if the senate passes a bill they will look at that but no commitment to bring a bill to the house floor. >> the president had children around him during the press conference, right is. >> and many of the children were victims of gun violence themselves or were aware of victims of gun violence and wrote letters to the white house. in fact, some of these children wrote letters that the president read from, remarked upon. it was a very dramatic and emotional setting there because the children sort of making the point and reinforcing the president's point that in his view this is about protecting first graders and their rights to go to school safely as much as it is about second amendment rights for gun owners. >> thank you so much. eamon javers with the latest there. >>> boeing dragging down the dow today as yet another problem is grounding some boeing dreamliners. phil lebeau with the latest developments out of boeing. we'll speak with
that the president put out were greeted with lukewarm response. john boehner's spokesman put out a statement saying the house will look at those recommendations and if the senate pass as bill they will look at that too but no commitment move to any legislation in the house of representatives. so, larry, it looks like a lot of these proposals will not happen but there were more than 20 elements of what he proposed today, the president that were, in fact, executive actions that he could sign today and enforce through the executive branch of the government and that he did. so the rest of the proposals will be legislative and we'll have to see how they fare. >> as always, thanks eamon javers. the national rifle association is pushing back with a tough new ad campaign labelling the president an elitist hypocrite for allowing his own kids to have their protection. >> are the president's kids more important than yours? then why is he skeptical about putting armed security in our schools when his kids are protected by armed guards at their school? mr. obama demands the wealthy pay their fair share of taxes
turn into plan "b" for speaker boehner. that's what we're watching next week. the good news is for markets though. it does appear we're moving, if not steadily, maybe two steps forward, one step back towards some sort of a resolution of the debt limit that will at least put it off until the spring. >> this is good news. john, thank you so much. john harwood with the latest. a lot of buzz about the business roundtable's proposal to raise the eligibility age to age 70. i wrote about the issue in "the observation" yesterday but one of my next guests could not disagree more. max wrightman is president and ceo of the national committee to preserve social security and medicare and a supporter of raising the edge. bill george, the former ceo of medtronic and a harvard business school professor. good to see you both. max, let's go to you first. the business roundtable argues that the demographics have completely changed. we now live much longer. why shouldn't we raise the age for eligibility? >> well, you know, this plan is called a plan to reform social security and modernize medic
engineering. so when john boehner comes together with his plan b in december, there's no unanimity or consensus in the republican party about that. i think the gop has to get its own house in order. >> they're all screwed up. that's what i'm saying. >> but they're the ones who talk about spending cuts -- >> base is going to -- >> you know the base of the republican party better than i do but i think the republican base doesn't have anywhere to go. >> they go home to sleep. they can watch tv. they can watch a sporting event. they can have a couple of beers. believe me. you're seeing the base. you ever see what they look like? i'm sorry. >> you said that. not me. >> i didn't say that. matt welch, you're kind of a neutral observer in this whole story. >> kind of. >> let me get your take on this. do you think the gop's getting the message out? >> i think it was shrewd politically what they did today. >> okay. >> they put democrats on the defensive. they shined a light on the fact they haven't passed a budget in 1,360 days and said hey if you want to be -- we don't want to be the irresp
to speaker boehner. that will bring the deficits down even further, below 3% as a percentage to our economy. bringing down the debt as percentage to our gdp. critical and important for competence. so he very wants to engage on balanced deficit reduction. what he has said is the following. he cannot tolerate congress deciding to not pay its existing bills. and i mean nobody should use the threat of default, the threat of hurting the full faith and credit of the united states as a bargaining chip in negotiations. if anyone tries to, the president is just not going to tolerate or negotiate or engage with that type of behavior and i think that you're starting to hear an emerging group of outside republicans agreeing with the president, particularly in the business community saying you do not hold the united states economy and its credit rating hostage no matter how much you care about a particular side or point of view in a budget negotiation. >> speaking of which, not a republican necessarily but allen writes in the journal, he says the consequences of hitting the debt ceiling are too awful to
. in a letter to the house speaker john boehner, the treasury secretary says this step has been taken before during previous debt limit impasses. several conservative republicans are set to introduce legislation to direct treasury to prioritize debt payments if congress doesn't raise the debt ceiling. >>> and president obama will unveil his gun control plan today at 11:45 eastern. he's expected to call on congress to ban military-style assault weapons and the type of high-capacity ammunition used in last month's school shooting in newtown, connecticut. the package will also include efforts to stop school bullying and invest available mental health services. may include several steps the president can take right away without congressional approval. >>> the house of representatives has passed more than $50 billion in aid for hurricane sandy victims. this more than ten weeks after the storm ravaged the northeastern u.s. the vote was 241-180. several republicans voted no. conservatives failed to offset part of the bill's cost with across-the-board federal spending cuts as some had wanted. the se
Search Results 0 to 13 of about 14